Strengthening Growth Through Strategic Funding and Expanded Capacity
Sequel Wire and Cable has received an investment from Cuprum Holdings, LLC and launched a new parent company, Sequel Wire and Cable Holdings, LLC (SWCH). The partnership boosts financial strength, speeds up expansion plans, and increases production capacity.
Sequel Wire and Cable Cuprum Holdings Investment Fuels Expansion
Based in Argos, Indiana, Sequel said the reorganization will help accelerate projects and broaden its product range. The existing business now operates as Sequel OEM Group, LLC, under the new holding company.
Rich Carr will lead the Sequel OEM Group as president and CEO. Mike Frigo and Denise Feece will continue in their current leadership roles, providing stability as Sequel grows.
Leadership Team Brings Over 35 Years of Industry Experience
Jim Coleman will serve as president and CEO of SWCH, while Gary Yetman becomes executive chairman. Both bring more than 35 years of industry experience. They previously held senior roles at Coleman Cable, which acquired Copperfield, LLC from Rich Carr in 2007.
Under SWCH, a new business unit, Sequel Low Voltage Group, LLC, will focus on expanding the company’s product offerings. This addition enhances Sequel’s position in the wire and cable industry and supports future innovation in specialty markets.
Commitment to the Argos Community and Workforce Development
The expansion marks a positive step for employees and the Argos, Indiana community. Sequel expects to hire more skilled workers to meet rising production needs and new product development.
The Argos facility will remain the headquarters for the Sequel OEM Group. The company said Argos continues to be an ideal location for facility growth and long-term investment.
